Blythewood Plant Hire Ltd v Spiers Ltd (in receivership)
Language: English Series: Estates Gazette ; (1992) 48 EG 117(1)Publication details: 1992Subject(s): Summary: County Court 31 July 1992. B applied for a new tenancy of premises owned by S under Landlord and Tenant Act 1954 Part II. A receiver was appointed under a debenture in respect of the property and undertaking of S. Initially S opposed the granting of a new lease, but eventually proposed terms of five years at a rent of £80,000 pa and a review on the penultimate day of the term. The issues before the court included, whether the lease should contain a development break clause, the amount of the new rent and the amount of the interim rent. It was "held" that B should be granted a 10-year term with a development break clause capable of operating at the expiry of the seventh of any subsequent year of the term. The rent of the new lease was determined at £41,700; interim rent £20,000pa.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS47690 (Browse shelf(Opens below)) | 1 | Available | 63076-1001 |
County Court 31 July 1992. B applied for a new tenancy of premises owned by S under Landlord and Tenant Act 1954 Part II. A receiver was appointed under a debenture in respect of the property and undertaking of S. Initially S opposed the granting of a new lease, but eventually proposed terms of five years at a rent of £80,000 pa and a review on the penultimate day of the term. The issues before the court included, whether the lease should contain a development break clause, the amount of the new rent and the amount of the interim rent. It was "held" that B should be granted a 10-year term with a development break clause capable of operating at the expiry of the seventh of any subsequent year of the term. The rent of the new lease was determined at £41,700; interim rent £20,000pa.